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January 9, 2019
Report #3
Gold, Silver and Tellurium in
British Columbia, Canada
Strong drill results and appreciating
precious metals prices may herald
golden times for Ximen Mining
Company Details
Ximen Mining Corp.
888 Dunsmuir Street – Suite #888
Vancouver, BC, Canada V6C 3K4
Phone: +1 604 488 3900
Email: office@ximenminingcorp.com
www.ximenminingcorp.com
Shares Issued & Outstanding: 26,751,025
Canadian Symbol (TSX.V): XIM
Current Price: $0.31 CAD (01/08/2019)
Market Capitalization: $8 Million CAD
German Symbol / WKN: 1XMA / A2JBKL
Current Price: €0.20 EUR (01/09/2019)
Market Capitalization: €5 Million EUR
Chart Canada (TSX.V)
Chart Germany (Frankfurt)
While the gold price has increased
by around $100 USD over the last
2 months and a strong year for
precious metals might be on the
horizon, there are more good news
for Ximen Mining Corp. Its option
partner GGX Gold Corp. today
released the first round of lab results
from the 2018 Fall drilling program
at the Gold Drop Project near the
historic mining town of Greenwood
in British Columbia, Canada.
According to the news, hole COD18-63
intersected high-grade mineralization
near surface:
“28.0 g/t gold and 424 g/t silver over
1.17 meter core length... incl. 49.7 g/t
gold and 787 g/t silver from 26.72 m to
27.31 m.”
Visible gold and tellurides are observed
locally.
A high-grade southern extension of
the COD Vein has now been confirmed
successfully.
More drill results from the 2018 Fall drill
program (total of 11 holes completed)
are expected to be released shortly.
With around 27 million shares in
the market and a current market
capitalization of $8 million CAD, Ximen
Mining aims to create shareholder
value.
According to today’s news:
“The 2018 Fall diamond drilling
program tested the COD vein, located
in the Gold Drop Southwest Zone. The
program followed up on results from
earlier 2018 diamond drilling at the
southern extension of the COD vein.
Two earlier 2018 holes at the southern
extension, COD18-45 and COD18-46
(which were drilled at 45 and 50 degree
dips to the west from the same site),
intersected high grade gold and silver
plus significant amounts of tellurium.
COD18-45 intersected of 50.1 grams per
tonne (g/t) gold and 375 g/t silver over
2.05 meter core length including 167.5
g/t gold, 1,370 g/t silver and >500 g/t
tellurium over 0.46 meter core length
(News Release of August 15, 2018).
COD18-46 intersected 54.9 g/t gold
and 379 g/t silver over a 1.47 meter
core length, including 223 g/t gold,
1,535 g/t silver and greater than 500 g/t
tellurium over a 0.30 meter core length
(News Release of August 22, 2018).
Intersections exceeding 1 g/t gold for
drill holes COD18-61 to COD18-64 are
listed in the table below. Since true
widths cannot be accurately determined
from the information available the
core lengths (meters) are reported.
All of the 2018 Fall drill holes were
collared within 25 meters of holes
COD18-45 and COD-46. Holes COD18-61
to COD18-66 were drilled to the west
and slightly northwest at dips of 45 to
60 degrees to intersect the approxima-
tely northeast striking COD vein. Holes
COD18-67 to COD18-71 were drilled
at dips of 45 to 60 degrees slightly
northeast to intersect the COD vein at a
shallower angle, the purpose being to
test the continuity of the quartz veining
and mineralization. The high grade
intercept of drill hole COD18-63 is at
approximate 20 meter vertical depth
(similar depth of high grade intercept of
drill hole COD18-45) and approximately
5 meters north of the high grade in-
tercept of drill hole COD18-45. The COD
vein system is open to the northeast
and at depth and possible open to the
southwest.“
Previous Coverage
Report #2: “Ximen reveals striking drill
core observations ahead of assays“
Report #1: “Ximen Mining: Hunting
for Multi-Million Ounces in British
Columbia“
2 Report #3 | Ximen Mining Corp.
See GGX’s January 9, 2019 News Release for Qualified Person’s review of technical
information.
3 Report #3 | Ximen Mining Corp.
4 Report #3 | Ximen Mining Corp.
5
Disclaimer and Information on
Forward Looking Statements
Rockstone Research, Zimtu Capital
Corp. and Ximen Mining Corp.
(“Ximen“) cautions investors that any
forward-looking information provided
herein is not a guarantee of future
results or performance, and that actual
results may differ materially from those
in forward-looking information as a
result of various factors. The reader is
referred to the Ximen´s public filings
for a more complete discussion of such
risk factors and their potential effects
which may be accessed through the
Ximen´s profile on SEDAR at www.
sedar.com. All statements in this report,
other than statements of historical fact,
should be considered forward-looking
statements. Statements in this report
that are forward looking include that
strong drill results and appreciating
precious metals prices may herald
golden times for Ximen; that a strong
year for precious metals prices might
be on the horizon; that the gold
price can continue its upwsing; that
more drill results are expected to be
released shortly; that Ximen aims to
create shareholder value. Readers
should not rely on these forward
looking statements. These forward-
looking statements are subject to a
variety of risks and uncertainties and
other factors that could cause actual
events or results to differ materially
from those projected in the forward-
looking information. Risks that could
change or prevent these statements
from coming to fruition include that
exploration and development may
not be successful; that expected drill
results turn out marginal or bad,
or that only barren or low-grade
mineralization will be reported, if at
all; that good reported grades may not
be prevalent throughout the property;
that Ximen or its partners may not
raise sufficient funds to carry out their
plans; changing costs for exploration
and other matters; increased capital
costs; interpretations based on current
data that may change with more
detailed information; potential process
methods and mineral recoveries
assumption based on limited test
work and by comparison to what are
considered analogous deposits may
prove with further test work not to
be comparable; the availability of
labour, equipment and markets for the
products produced; world and local
prices for metals and minerals; that
joint venture terms may be changed or
no agreement is reached; and even if
there are considerable resources on the
company’s properties, they may not be
minable profitably. The writer assumes
no responsibility to update or revise
such information to reflect new events
or circumstances, except as required by
law.
Disclosure of Interest and
Advisory Cautions
Nothing in this report should be
construed as a solicitation to buy
or sell any securities mentioned.
Rockstone, its owners and the author
of this report are not registered broker-
dealers or financial advisors. Before
investing in any securities, you should
consult with your financial advisor
and a registered broker-dealer. Never
make an investment based solely on
what you read in an online or printed
report, including Rockstone’s report,
especially if the investment involves a
small, thinly-traded company that isn’t
well known. The author of this report,
Stephan Bogner, is paid by Zimtu Capital
Corp. (“Zimtu”), a TSX Venture Exchange
listed investment company. Part of the
author’s responsibilities at Zimtu is
to research and report on companies
in which Zimtu has an investment or
is being paid to conduct shareholder
communications. So while the author
of this report may not be paid directly
by Ximen Mining Corp., the author’s
employer Zimtu will benefit from
appreciation of Ximen’s stock price. In
addition, the author also holds equity
of Ximen Mining Corp., as well as
Zimtu Capital Corp., and thus would
also benefit from volume and price
appreciation of its stocks (the author
does not hold any equity positions or
other kind of interests in GGX Gold
Corp.). Overall, multiple conflicts of
interests exist. Ximen has paid Zimtu to
provide this report and other investor
awareness services. Therefore, the
information provided herewithin should
not be construed as a financial analysis
but as advertisement. The author’s views
and opinions regarding the companies
featured in reports are his own views
and are based on information that he
has researched independently and has
received, which the author assumes to
be reliable. Rockstone and the author
of this report do not guarantee the
accuracy, completeness, or usefulness of
any content of this report, nor its fitness
for any particular purpose. Lastly, the
author does not guarantee that any of
the companies mentioned will perform
as expected, and any comparisons
made to other companies may not be
valid or come into effect. Please read
the entire Disclaimer carefully. If you
do not agree to all of the Disclaimer,
do not access this website or any of
its pages including this report in form
of a PDF. By using this website and/or
report, and whether or not you actually
read the Disclaimer, you are deemed to
have accepted it. Information provided
is for entertainment and general
in nature. Data and pictures, if not
labeled or hyperlinked otherwise, have
been obtained from Stockwatch.com,
Comdirect.de, Ximen Mining Corp. and
GGX Gold Corp.
Author Profile & Contact
Stephan Bogner (Dipl. Kfm., FH)
Rockstone Research
8260 Stein am Rhein, Switzerland
Phone: +41-44-5862323
Email: sb@rockstone-research.com
Stephan Bogner studied at the
International School
of Management
(Dortmund,
Germany), the
European Business
School (London, UK)
and the University
of Queensland
(Brisbane, Australia). Under supervision
of Prof. Dr. Hans J. Bocker, Stephan
completed his diploma thesis (“Gold
In A Macroeconomic Context With
Special Consideration Of The Price
Formation Process”) in 2002. A year
later, he marketed and translated into
German Ferdinand Lips‘ bestseller (“Gold
Wars“). After working in Dubai for 5
years, he now lives in Switzerland and
is the CEO of Elementum International
AG specialized in duty-free storage of
gold and silver bullion in a high-security
vaulting facility within the St. Gotthard
Mountain Massif in central Switzerland.
Rockstone is specialized in capital
markets and publicly listed companies.
The focus is set on exploration,
development, and production of
resource deposits. Through the
publication of general geological basic
knowledge, the individual reports
receive a background in order for the
reader to be inspired to conduct further
due diligence.
All reports from us are being made
accessible free of charge, whereas
it is always to be construed as non-
binding educational research and is
addressed solely to a readership that
is knowledgeable about the risks,
experienced with stock markets, and
acting on one’s own responsibility.
For more information and sign-up for
free newsletter, please visit:
www.rockstone-research.com
Report #3 | Ximen Mining Corp.

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Strong drill results and appreciating precious metals prices may herald golden times for Ximen Mining

  • 1. January 9, 2019 Report #3 Gold, Silver and Tellurium in British Columbia, Canada Strong drill results and appreciating precious metals prices may herald golden times for Ximen Mining Company Details Ximen Mining Corp. 888 Dunsmuir Street – Suite #888 Vancouver, BC, Canada V6C 3K4 Phone: +1 604 488 3900 Email: office@ximenminingcorp.com www.ximenminingcorp.com Shares Issued & Outstanding: 26,751,025 Canadian Symbol (TSX.V): XIM Current Price: $0.31 CAD (01/08/2019) Market Capitalization: $8 Million CAD German Symbol / WKN: 1XMA / A2JBKL Current Price: €0.20 EUR (01/09/2019) Market Capitalization: €5 Million EUR Chart Canada (TSX.V) Chart Germany (Frankfurt) While the gold price has increased by around $100 USD over the last 2 months and a strong year for precious metals might be on the horizon, there are more good news for Ximen Mining Corp. Its option partner GGX Gold Corp. today released the first round of lab results from the 2018 Fall drilling program at the Gold Drop Project near the historic mining town of Greenwood in British Columbia, Canada. According to the news, hole COD18-63 intersected high-grade mineralization near surface: “28.0 g/t gold and 424 g/t silver over 1.17 meter core length... incl. 49.7 g/t gold and 787 g/t silver from 26.72 m to 27.31 m.” Visible gold and tellurides are observed locally. A high-grade southern extension of the COD Vein has now been confirmed successfully. More drill results from the 2018 Fall drill program (total of 11 holes completed) are expected to be released shortly. With around 27 million shares in the market and a current market capitalization of $8 million CAD, Ximen Mining aims to create shareholder value.
  • 2. According to today’s news: “The 2018 Fall diamond drilling program tested the COD vein, located in the Gold Drop Southwest Zone. The program followed up on results from earlier 2018 diamond drilling at the southern extension of the COD vein. Two earlier 2018 holes at the southern extension, COD18-45 and COD18-46 (which were drilled at 45 and 50 degree dips to the west from the same site), intersected high grade gold and silver plus significant amounts of tellurium. COD18-45 intersected of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 meter core length including 167.5 g/t gold, 1,370 g/t silver and >500 g/t tellurium over 0.46 meter core length (News Release of August 15, 2018). COD18-46 intersected 54.9 g/t gold and 379 g/t silver over a 1.47 meter core length, including 223 g/t gold, 1,535 g/t silver and greater than 500 g/t tellurium over a 0.30 meter core length (News Release of August 22, 2018). Intersections exceeding 1 g/t gold for drill holes COD18-61 to COD18-64 are listed in the table below. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. All of the 2018 Fall drill holes were collared within 25 meters of holes COD18-45 and COD-46. Holes COD18-61 to COD18-66 were drilled to the west and slightly northwest at dips of 45 to 60 degrees to intersect the approxima- tely northeast striking COD vein. Holes COD18-67 to COD18-71 were drilled at dips of 45 to 60 degrees slightly northeast to intersect the COD vein at a shallower angle, the purpose being to test the continuity of the quartz veining and mineralization. The high grade intercept of drill hole COD18-63 is at approximate 20 meter vertical depth (similar depth of high grade intercept of drill hole COD18-45) and approximately 5 meters north of the high grade in- tercept of drill hole COD18-45. The COD vein system is open to the northeast and at depth and possible open to the southwest.“ Previous Coverage Report #2: “Ximen reveals striking drill core observations ahead of assays“ Report #1: “Ximen Mining: Hunting for Multi-Million Ounces in British Columbia“ 2 Report #3 | Ximen Mining Corp. See GGX’s January 9, 2019 News Release for Qualified Person’s review of technical information.
  • 3. 3 Report #3 | Ximen Mining Corp.
  • 4. 4 Report #3 | Ximen Mining Corp.
  • 5. 5 Disclaimer and Information on Forward Looking Statements Rockstone Research, Zimtu Capital Corp. and Ximen Mining Corp. (“Ximen“) cautions investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Ximen´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Ximen´s profile on SEDAR at www. sedar.com. All statements in this report, other than statements of historical fact, should be considered forward-looking statements. Statements in this report that are forward looking include that strong drill results and appreciating precious metals prices may herald golden times for Ximen; that a strong year for precious metals prices might be on the horizon; that the gold price can continue its upwsing; that more drill results are expected to be released shortly; that Ximen aims to create shareholder value. Readers should not rely on these forward looking statements. These forward- looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward- looking information. Risks that could change or prevent these statements from coming to fruition include that exploration and development may not be successful; that expected drill results turn out marginal or bad, or that only barren or low-grade mineralization will be reported, if at all; that good reported grades may not be prevalent throughout the property; that Ximen or its partners may not raise sufficient funds to carry out their plans; changing costs for exploration and other matters; increased capital costs; interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits may prove with further test work not to be comparable; the availability of labour, equipment and markets for the products produced; world and local prices for metals and minerals; that joint venture terms may be changed or no agreement is reached; and even if there are considerable resources on the company’s properties, they may not be minable profitably. The writer assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law. Disclosure of Interest and Advisory Cautions Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker- dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report, Stephan Bogner, is paid by Zimtu Capital Corp. (“Zimtu”), a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu is to research and report on companies in which Zimtu has an investment or is being paid to conduct shareholder communications. So while the author of this report may not be paid directly by Ximen Mining Corp., the author’s employer Zimtu will benefit from appreciation of Ximen’s stock price. In addition, the author also holds equity of Ximen Mining Corp., as well as Zimtu Capital Corp., and thus would also benefit from volume and price appreciation of its stocks (the author does not hold any equity positions or other kind of interests in GGX Gold Corp.). Overall, multiple conflicts of interests exist. Ximen has paid Zimtu to provide this report and other investor awareness services. Therefore, the information provided herewithin should not be construed as a financial analysis but as advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is for entertainment and general in nature. Data and pictures, if not labeled or hyperlinked otherwise, have been obtained from Stockwatch.com, Comdirect.de, Ximen Mining Corp. and GGX Gold Corp. Author Profile & Contact Stephan Bogner (Dipl. Kfm., FH) Rockstone Research 8260 Stein am Rhein, Switzerland Phone: +41-44-5862323 Email: sb@rockstone-research.com Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London, UK) and the University of Queensland (Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller (“Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland. Rockstone is specialized in capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits. Through the publication of general geological basic knowledge, the individual reports receive a background in order for the reader to be inspired to conduct further due diligence. All reports from us are being made accessible free of charge, whereas it is always to be construed as non- binding educational research and is addressed solely to a readership that is knowledgeable about the risks, experienced with stock markets, and acting on one’s own responsibility. For more information and sign-up for free newsletter, please visit: www.rockstone-research.com Report #3 | Ximen Mining Corp.